Reputation and Market Wage as Contract Enforcement Device: An Experimental Evidence
Shirking opportunity has always been present in anincomplete economic exchange in a labor-employer relation. Due tounverifiability of a contract, economic agents resort to reciprocal norm toenhance the co-operation and efficiency of the relation. This paper usessome data from Kean Siang et al. (2010...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2010-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: | http://www.ectap.ro/articole/535.pdf |